Accounts to cessation of self employment

Accounts to cessation of self-employment

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I would appreciate some help regarding cessation accounts for self employed.

A client’s year end is 30 April and he ceased self employment on 30 April 2017. The last tax return completed was 2015/16 i.e. accounts year ended 30 April 2015. Would the following be correct:

2016/17 – accounts year ended 30 April 2016.

2017/18 – accounts 1st  May 2016 to 30 April 2017 and including overlap relief.

Thanks for your help.

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By chewmac
11th Jan 2018 23:14

Yes

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By brian-scholar
12th Jan 2018 11:56

Thank you chewmac, I was starting to doubt myself.

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